We’re living in an increasingly mobile world, with Wi-Fi available almost anywhere, anytime. It’s no surprise that just about every bank now offers mobile banking capabilities through countless banking account management and monitoring apps. In fact, 52 percent of smartphone owners with bank accounts use mobile banking, according to a survey done by the Federal Reserve in 2015.

Recent mobile technology makes on-the-go banking accessible to almost all card and account holders. Have you downloaded your bank’s app yet? If not, check it out. It’ll improve convenience and make it easier for you to manage your money. Here are some frequently asked questions about mobile banking:

What can you do with mobile banking?
It may be new technology, but it enables you to complete almost all traditional banking actions and provides some new capabilities. With mobile banking, you’re able to check your balance, track your spending, review your account history, locate ATMs, deposit checks, transfer funds, pay bills and receive text message notifications or alerts about your account.

What are the benefits of mobile banking?
Mobile banking serves a variety of financial purposes, but its best feature is the 24/7 access it gives you to your money. Whether you’re making purchases or depositing checks, you can do it from wherever and whenever you want. An added bonus is that most financial institutions don’t charge fees for mobile banking services. Also, most issuers provide their own mobile apps, tailored to their individual features and services.

Is mobile banking secure?
There’s a common misconception that banking through a smartphone puts your financial security at risk. These assumptions are understandable given how recent an advance mobile banking is, but they’re often unfounded. Mobile banking is becoming one of the most secure and convenient ways to pay and transfer money, especially with features like fingerprint technology and near-field communication (NFC) chips.

Overall, mobile banking can make it easier for you to manage your spending and saving with 24/7 services.